Title of article
Regional effects of monetary policy in China: The role of spillover effects
Author/Authors
Guo, Xiaohui Universiti Sains Malaysia - School of Management, Malaysia , Guo, Xiaohui Hebei University - School of Economics, China , Masron, Tajul Ariffin Universiti Sains Malaysia - School of Management, Malaysia
From page
113
To page
146
Abstract
This paper uses Structural Vector Autoregressive (SVAR) method to measure the regional effects of monetary policy in China during 1978–2011. The results provide evidence of different regional responses of real variables to monetary policy shocks. This paper proves that M2 is a better monetary policy indicator. We also find that when examining the regional effects of monetary policy in China,the spillover effects among regions are very important in the short run. In the long run,the influence of deposits transfer among regions is much bigger than that of the spillover effects. © Asian Academy of Management and Penerbit Universiti Sains Malaysia,2014. All rights reserved.
Keywords
Monetary policy , Spillover effects , Structural vector autoregressive
Journal title
Asian Academy of Management Journal
Journal title
Asian Academy of Management Journal
Record number
2546611
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